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Malaysia’s super-rich get cold feet as Langkawi luxury car tax perks vanish

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2026年1月15日
2 min read
Anwar Ibrahim automotive sector budget 2026 car cold customs Edison Ooi feet Ferrari Kedah Kedah Chamber of Commerce and Industry Labuan Lamborghini Langkawi luxury luxury vehicles malaysia Malaysias Mohamad Azhar Mohd Jamil Ong Seng Aun perks Porsche superrich tax tax exemptions vanish

Malaysia’s super-rich get cold feet as Langkawi luxury car tax perks vanish插图

For the very rich, a dream car like a Ferrari, Lamborghini or Porsche used to cost 2.5 million ringgit (US$617,240) in Langkawi, a duty-free island in Malaysia’s Kedah state. They will now cost about 5 million ringgit.

Industry players say the federal government’s move to abolish tax exemptions for luxury vehicles priced above 300,000 ringgit in Langkawi is expected to hurt the automotive sector and reduce long-term government revenue.

Industry veteran Mohamad Azhar Mohd Jamil said the decision would affect dealers and weaken tax collection over time.

“About 90 per cent of Ferrari cars and several other luxury brands in Malaysia were registered in Langkawi because of its tax-free status,” he said.

If luxury vehicles could no longer be sold, he said, the government would lose corporate tax and customs-related revenue.

“Even after three or four years, vehicle owners are still required to pay customs-related charges and corporate tax every year. With this move, the government would suffer losses from the start,” he said.

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